Fluoroscopy Equipment Market to Reach USD 7 Billion by 2024
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By MedImaging International staff writers Posted on 24 Jun 2019 |
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Image: The global fluoroscopy equipment market is projected to grow from over USD 5 billion to USD 7 billion by 2024 (Photo courtesy of Siemens Healthcare).
The global fluoroscopy equipment market is projected to grow at a CAGR of 4.4% from USD 5.7 billion in 2019 to USD 7.1 billion by 2024, driven by the advantages of flat panel detectors (FPDs) over image intensifiers, use of fluoroscopy in pain management, reimbursement cuts for analog radiography systems, rising geriatric population, growing prevalence of chronic diseases, and awareness programs, conferences, and funding activities.
These are the latest findings of MarketsandMarkets (Northbrook, IL, USA), a global market research company.
Based on product, the fixed C-arms segment accounted for the largest share of the fluoroscopy equipment market in 2018 due to the increasing use of fluoroscopic imaging for diagnosis and interventional procedures and technological advancements in fixed C-arms. On the basis of application, the surgical applications segment is expected to register the highest CAGR of 5.7% during the forecast period, owing to the increasing popularity of C-arms in surgical imaging applications.
Geographically, North America accounted for the largest share of the global fluoroscopy equipment market in 2018 due to the increasing incidence of overuse sports injuries, rising prevalence of CVD, and increasing number of hip and knee replacement surgeries in the region.
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MarketsandMarkets
These are the latest findings of MarketsandMarkets (Northbrook, IL, USA), a global market research company.
Based on product, the fixed C-arms segment accounted for the largest share of the fluoroscopy equipment market in 2018 due to the increasing use of fluoroscopic imaging for diagnosis and interventional procedures and technological advancements in fixed C-arms. On the basis of application, the surgical applications segment is expected to register the highest CAGR of 5.7% during the forecast period, owing to the increasing popularity of C-arms in surgical imaging applications.
Geographically, North America accounted for the largest share of the global fluoroscopy equipment market in 2018 due to the increasing incidence of overuse sports injuries, rising prevalence of CVD, and increasing number of hip and knee replacement surgeries in the region.
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MarketsandMarkets
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